GBP/JPY Short Setup
-Timeframe: 1 hour
-BIAS: Bearish
Entry Zone: Around 189.90 – 190.00
Current Price: ~189.91
Stop Loss: 190.53 (above resistance zone)
Take Profit Targets:
• Target 1: 189.27
• Target 2: 189.00
• Target 3: 188.45
Analysis:
Price is currently testing a resistance zone after a bullish push. The setup suggests a possible rejection from this area, with three clear bearish targets identified on the chart. A bearish structure is anticipated with potential pullbacks before further drops. Ideal for short-term scalps or intraday trades.
NOTE: Do proper risk management, only risk 1,2% of the equity and do trafe at your own risk